FALL 2020: Course Title: Fundamentals of Operations Management Course Code: MGMT 4153 Assignment No. 2
FALL 2020: Course Title: Fundamentals of Operations Management Course Code: MGMT 4153 Assignment No. 2
FALL 2020: Course Title: Fundamentals of Operations Management Course Code: MGMT 4153 Assignment No. 2
FALL 2020
FALL 2020
Course Title: Fundamentals of Operations Management
Course Code: MGMT 4153
Assignment No. 2
Instructions:
This is a group assignment
The assignment must be a typed document of at least three to five pages excluding title
page and references
The document must contain a title page, main text and references
The formatting must be as Times New Roman, font Size12, line spacing 1.5, all justified
header footer 0.5 each
Page 1 of 3 Assignment
around, visiting nice restaurants, and drinking in bars. But that is not where Mr. Munday’s work
begins, nor where it ends. At the front end, selecting the country and city first involves a great
deal of research. At the back end, Munday not only picks the final site and negotiates the deal but
then works with architects and planners and stays with the project through the opening and first
year’s sales. Munday is currently looking heavily into global expansion in Europe, Latin
America, and Asia. “We’ve got to look at political risk, currency, and social norms—how does
our brand fit into the country,” he says. Once the country is selected, Munday focuses on the
region and city. His research checklist is extensive, as seen in the accompanying table. Site
location now tends to focus on the tremendous resurgence of “city centers,” where nightlife tends
to concentrate. That’s what Munday selected in Moscow and Bogota, although in both locations
he chose to find a local partner and franchise the operation. In these two political environments,
“Hard Rock wouldn’t dream of operating by ourselves,” says Munday. The location decision
also is at least a 10- to 15-year commitment by Hard Rock, which employs tools such as
locational cost–volume analysis to help decide whether to purchase land and build, or to remodel
an existing facility. Currently, Munday is considering four European cities for Hard Rock’s next
expansion. Although he could not provide the names, for competitive reasons, the following is
known:
Page 2 of 3 Assignment
Questions:
1) From Munday’s Standard Market Report checklist, select any other four categories, such
as population (A1), hotels (B2), or restaurants/nightclubs (D), and provide three
subcategories that should be evaluated. (See item C1 [airport] for a guide.)
2) Which is the highest rated of the four European cities under consideration, using the
table?
3) Why does Hard Rock put such serious effort into its location analysis?
4) Under what conditions do you think Hard Rock prefers to franchise a cafe?
Page 3 of 3 Assignment